Erie, PA Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Erie, PA. Based on 15+ datapoints.
Erie, PA Long-Term Rental Investment Snapshot
Based on 15+ long-term rental datapoints
Median Cap Rate
4%
Avg Cash on Cash
-11.7%
Median Cashflow
-$410/mo
Avg Rent Estimate
$1,963/mo
Avg Price
$317,722
Price Range
$69,900 - $629,000
Rent to Price
0.62%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Erie, PA
Erie, PA is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 15+ analyzed properties, the median monthly cashflow in Erie, PA is -$410 with average rents of $1,963/month. Properties range from $69,900 to $629,000, offering entry points across multiple investment budgets.
Erie, PA Rental Market Insights
- •Median cashflow is -$410/month — careful deal selection is essential here
- •4% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Erie, PA requires selective property picks
- •Mid-to-upper tier market with properties from $69,900 to $629,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs